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Korea - Australia Free Trade Agreement 2014

Country:

Korea, Republic of

Report Highlights:
The Korea- Australia Free Trade Agreement (KAFTA) was officially signed by both parties on April 8th, approximately two years after the KORUS FTA went into effect in March 2012. As a direct competitor in lucrative products such as beef and wine, KAFTA will pose a greater challenge for US exporters to Korea. Details of the agreement are contained in the following report.